Thread regarding AIG (American Intl Group Inc.) layoffs

Get Ready!

I've noticed a lot of training in different depts. lately. It appears a focused round of RIF's are coming in about six weeks.

by
| 2790 views | |
Post ID: @11rgH8tY

17 replies (most recent on top)

Agree with Post ID: @11rgH8tY-7dtp. On a conference call with an AVP last week when asked about RIF's, the reply was just work hard and get the pending down. Not even an intelligent answer was given to the Adjuster asking the question regarding RIF's. I think a lot of the RIF's come out of the blue or it seems but I believe they have been in place and planning this for a while. Yes I heard more RIF's to come in November. They stagger them and time them so they don't have to comply with the WARN act and stay under the radar with the media. I'm sure that was a recommendation from Mckinsey.

by
|
Post ID: @11rgH8tY-8zei

The WC claims RIF came out of the blue but if business is down, it's no surprise. Other depts. are undergoing training for a RIF in late November. Back to business as usual. I don't know how AIG employees can do their jobs under these circumstances.

by
|
Post ID: @11rgH8tY-7dtp

It looks like they are mostly focused on WC Claims Services. An AVP was approached by an Adjuster re RIF's and was really taken back when asked the question on a conference call. The AVP could only answer that they are trying to get the pending down and to continue to work hard on decreasing pending. Looks like they are positioning WC Claims to sell. With not a lot of business being written for AIG WC Claims Services, and a push to sell, you have to wonder. Most of the new business written for WC is going to TPA's. So either they are getting out of WC Claim Services or selling it. Go figure. But this AVP really needs to take a few courses on management and how to treat your staff with respect. Prior to the RIF's 3 Adjusters have left, all from the same manager because of the games the manager and AVP play

by
|
Post ID: @11rgH8tY-7shl

Any word on premium audit?

by
|
Post ID: @11rgH8tY-6bqu

Check with your State Unemployment office. Once you are layed off some state will allow you to go on immediately.

by
|
Post ID: @11rgH8tY-6uth

Do you get one free round trip plane ride on one of the company jets as part of the RIF package??

by
|
Post ID: @11rgH8tY-6kkn

I was Rif'd in November, 2010. AIG doesn't care about the holidays just their year end bonuses. Some people choose to be in denial despite obvious indications their jobs are going to India. I'd at least get my resume updated now and on company time. You don't get brownie points for busting your butt for a company about to give you the pink slip.

by
|
Post ID: @11rgH8tY-5wjr

Once a person is laid off, that persons severance is switched to the HR budget. That way the depart they came from starts the year with a proper budget minus that employees salary. It's harsh but always remember, it's not personal....it's business..... ( horse manure )

by
|
Post ID: @11rgH8tY-4khc

It's really sad that they RIF around the Holidays. You would think they would wait until after the Holidays to do this.

by
|
Post ID: @11rgH8tY-4kmb

Budgeting has started and I am seeing trimming occuring. Layoffs are a norm this time of year at AIG.
I expect large numbers of layoffs that will not avoid the medias eye this time.

by
|
Post ID: @11rgH8tY-3cdx

Saw 2 things in the news to make me think about this place. First, they interviewed a CEO who signs birthday cards for all 9k of his employees. He said "if you don't have a good culture, you won't have a successful company". Second, saw on CNBC a lady who said, "I used to have a work for AIG, who couldn't care less about its employees, and now I am grateful to work where I am a valued member of a team". Can you imagine BD, PZ, or JR EVER going out of their way to do something for us? Anything?

The rumors are correct. Layoffs are pending and will come during the holidays. Offshoring IT to India and Phillipines will continue, even though more systems issues are occurring each day. Expect business side to be impacted as well by offshoring. In summary, more layers of overpaid management, more offshoring of work to those who don't know what their doing, let alone have decent language skills.

Attrition rates are increasing among younger employees, too. Leadership has asked thise left why they leave...which to me says everything about them. They don't know how bad morale is. They don't know they will keep losing good people voluntarily. And, they don't know how bad the AIG name has been tainted. Good people can find jobs in this economy. Why would someone choose to come work here? Who among us would say to colleagues, "Yes, you should definitely come work at AIG" unless you hated them?

I don't see things ever getting better here. Life is too short to miserable in your job. I have requested to be put on the next RIF list. And if I can, will bring over as many people as possible from that dystopia.

by
|
Post ID: @11rgH8tY-3cfy

I'm with you man. AIG will drag you down until you leave one way or another .I don't drink nearly as much since I left. September 15, 2008 was the exact date we all remember a distinct change in AIG;s direction.

by
|
Post ID: @11rgH8tY-2vro

When I started here I was relatively happy to land my first professional job.

Now I'm basically a functioning alcoholic in my 20s who gets drunk every night and wishes I would just get laid off already.

I dont have hobbies anymore and I dont work out anymore because the thought of going back to work every night overpowers my will to even better myself at this point.

Finding a job is hard, especially when you're trying to break into a new industry and especially when you know you arent learning anything. I do mail all day....

F— aig

by
|
Post ID: @11rgH8tY-1fgz

Yes, AIG likes to RIF employees right before the holidays. I know because I was one of them. I was Rif’d a week before X-Mas. The day after X-Mas, I was getting calls to return my laptop (since I worked remote). The good news is that there are plenty of jobs with reputable companies available, even for older folks. I quickly found a great job with a great boss. Merry Christmas everyone, and watch for your boss finally getting interested in what you are doing, and strange calls from HR, because AIG likes to blindside people.

by
|
Post ID: @11rgH8tY-1iuh

The announcement about new leadership in Claims makes absolutely no sense. The book of business is shrinking so we add another layer of management? I cannot figure out where they are going with this but I hope I am going out the door.

by
|
Post ID: @11rgH8tY-1ojr

@11rgH8tY I have noticed too... several previous mentions that WC is gone and today announcement of new WC leadership for 'realignment and better product'... we'll see.

by
|
Post ID: @11rgH8tY-1zrx

There are RIF's coming. Pendings are down. There is a push to close files and at the same time lack of business coming to Claims Services. Most is going to TPA's.

by
|
Post ID: @11rgH8tY-1szq

Post a reply

: